Economics of environmental regime shifts

Open Access
Authors
Publication date 2013
Series CeNDEF Working Paper, 13-08
Number of pages 39
Publisher Amsterdam: Universiteit van Amsterdam
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
Abstract Economic consequences of critical transitions or regime shifts of ecological systems are a source of considerable concern. Though the underlying mechanisms are well-known, only since the advent of electronic computers the analysis of economic models exhibiting critical transitions can be attacked systematic- ally. In particular bifurcation theory allows to present the qualitative effects of parameter changes in a convenient way. This article gives an overview of recent economic literature dealing with potential environmental regime shifts with a focus on the lake model.
Document type Working paper
Note 21st August 2013
Language English
Published at http://www1.fee.uva.nl/cendef/publications/papers/macro.pdf
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398111.pdf (Submitted manuscript)
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